Overcoming the Gap in GDP Will Require 3.0% Growth in ......Growth in Finland Annually in 2018-2023...
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Overcoming the Gap in GDP Will Require 3.0% Growth in Finland Annually in 2018-2023 1 26.4.2018 Teknologiateollisuus *) The IMF forecast for the euro area in April 2018: 2.4% in 2018, 2.0% in 2019, 1.7% in 2020, 1.5% in 2021, 1.5% in 2022, 1.4% in 2023 Source: Macrobond, IMF, Federation of Finnish Technology Industry
Transcript of Overcoming the Gap in GDP Will Require 3.0% Growth in ......Growth in Finland Annually in 2018-2023...
Overcoming the Gap in GDP Will Require 3.0%
Growth in Finland Annually in 2018-2023
126.4.2018 Teknologiateollisuus *) The IMF forecast for the euro area in April 2018: 2.4% in 2018, 2.0% in 2019, 1.7% in 2020, 1.5% in 2021, 1.5% in 2022, 1.4% in 2023Source: Macrobond, IMF, Federation of Finnish Technology Industry
In Development of Industrial Production, Finland
Has a Gap of 15% Compared to the EU Average
226.4.2018 Teknologiateollisuus Source: Macrobond
326.4.2018 Teknologiateollisuus Latest information February 2018Source: Board of Customs
The Value of Finnish Goods Exports Has Not Increased after Spring 2017
2500
3000
3500
4000
4500
5000
5500
6000
6500
7000Million euros by month, at current prices
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
426.4.2018 Teknologiateollisuus Latest information October-December 2017.Source: Eurostat: Quarterly National Accounts
In Productivity Development, Finland Has a Gap of 25% Compared to EU Average and 20% Compared to Sweden and Germany Value added in manufacturing industry at fixed prices / hours worked
80
85
90
95
100
105
110
115
120
125
130
EU countries
Sweden
Germany
Finland
2008=100
526.4.2018 Teknologiateollisuus Latest information October-December 2017.Source: Eurostat: Quarterly National Accounts
In Productivity Development of the National Economy, Finland Has a Gap of 6% Compared to EU Average and 4% to Sweden and Germany GDP at fixed prices / hours worked
94
96
98
100
102
104
106
108
110
112
EU countries
Sweden
Germany
Finland
2008=100
Investment Rate of Companies in Finland Is
Completely Inadequate to Close the Gap between
Finland and Other Small European Countries
626.4.2018 Teknologiateollisuus Source: Eurostat
10
12
14
16
18
20
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Companies’ fixed investment compared to GDP, %
Switzerland
Sweden
Belgium
Austria
Euro countries
Finland
Growth in Turnover of the Technology Industry in
Finland Has Slowed Down
726.4.2018 TeknologiateollisuusSeasonal adjusted turnover indexShare of turnover 2017: mechanical engineering 40%, electronics and electrotechnical industry 20%, information technology 17%, metals industry 15%, consulting engineering 8%Source: Macrobond, Statistics Finland
Technology Industry Personnel in Finland and
Abroad
826.4.2018 Teknologiateollisuus
150 000
170 000
190 000
210 000
230 000
250 000
270 000
290 000
310 000
330 000
350 000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018(31.3)
Personnel in Finland Personnel subsidiaries abroad
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey
Value of New Orders in the Technology Industry*
in Finland
926.4.2018 Teknologiateollisuus
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
11 000
12 000
13 000
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: I,2018 / I,2017 I,2018 / IV,2017
Export: +6 % -28 %
Domestic: +49 % +1 %
Combined: +17 % -20 %
*) Excl. metalsindustry, gameindustry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2018.
Value of Order Books in the Technology Industry*
in Finland
1026.4.2018 Teknologiateollisuus
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
16 000
18 000
20 000
22 000
24 000
26 000
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017
Export: +27 % -1 %
Domestic: +15 % +10 %
Combined: +24 % +1 %
*) Excl. metalsindustry, gameindustry and data center companies
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31.3.2018
Value of New Orders in the Electronics and Electrotechnical Industry in Finland
1126.4.2018 Teknologiateollisuus
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
6 500
7 000
7 500
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: I,2018 / I,2017 I,2018 / IV,2017
Export: +9 % +2 %
Domestic: +35 % -19 %
Combined: +13 % -3 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2018.
Value of Order Books in the Electronics and
Electrotechnical Industry in Finland
1226.4.2018 Teknologiateollisuus
0500
1 0001 5002 0002 5003 0003 5004 0004 5005 0005 5006 0006 5007 0007 5008 0008 500
Export
Domestic
Million euros, at current prices
Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017
Export: +2 % 0 %
Domestic: +22 % -16 %
Combined: +5 % -4 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31.3.2018
Value of New Orders in the MechanicalEngineering in Finland
1326.4.2018 Teknologiateollisuus
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
6 500
7 000
7 500
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: I,2018 / I,2017 I,2018 / IV,2017
Export: +4 % -42 %
Domestic: +38 % -16 %
Combined: +10 % -38 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2018.
Value of Order Books in the Mechanical
Engineering in Finland
1426.4.2018 Teknologiateollisuus
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
16 000
18 000
Export
Domestic
Million euros, at current prices
Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017
Export: +37 % -2 %
Domestic: +18 % +17 %
Combined: +33 % +1 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31.3.2018
Turnover of the Metals Industry in Finland
154/26/2018 Source: Seasonal adjusted turnover index, Statistics Finland, MacrobondTechnology Industries of Finland
Production Volume of the Metals Industry in
Finland
1626.4.2018 Teknologiateollisuus Seasonal adjusted volume indexSource: Statistics Finland, Macrobond
Value of New Orders in the Consulting Engineering
in Finland
1726.4.2018 Teknologiateollisuus
0
50
100
150
200
250
300
350
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: I,2018 / I,2017 I,2018 / IV,2017
Export: +14 % +103 %
Domestic: +43 % +21 %
Combined: +38 % +28 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2018.
Value of Order Books in the Consulting
Engineering in Finland
1826.4.2018 Teknologiateollisuus
0
100
200
300
400
500
600
700
800
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017
Export: -10 % +3 %
Domestic: +31 % +13 %
Combined: +19 % +11 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31.3.2018.
Value of New Orders in the Information
Technology* in Finland
1926.4.2018 Teknologiateollisuus
050
100150200250300350400450500550600650700750800850900950
1 000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: I,2018 / I,2017 I,2018 / IV,2017
Combined: +75 % +60 %
*) Excl. game industry and data center companies.
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2018.
Value of Order Books in the Information
Technology* in Finland
2026.4.2018 Teknologiateollisuus
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017
Combined: +4 % +17 %
*) Excl. game industry and data center companies.
Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31.3.2018.
